Fifth Third Bank 2010 Annual Report Download - page 70

CONSOLIDATED BALANCE SHEETS
68 Fifth Third Bancorp
A
s of December 31 ($ in millions, except share data) 2010 2009
A
ssets
Cash and due from banks (a) $2,159 2,318
A
vailable-for-sale and other securities (b) 15,414 18,213
Held-to-maturity securities (c) 353 355
Trading securities 294 355
Other short-term investments (a) 1,515 3,369
Loans held for sale (d) 2,216 2,067
Portfolio loans and leases:
Commercial and industrial loans 27,191 25,683
Commercial mortgage loans (a) 10,845 11,803
Commercial construction loans 2,048 3,784
Commercial leases 3,378 3,535
Residential mortgage loans (e) 8,956 8,035
Home equity (a) 11,513 12,174
Automobile loans (a) 10,983 8,995
Credit card 1,896 1,990
Other consumer loans and leases 681 780
Portfolio loans and leases 77,491 76,779
A
llowance for loan and lease losses (a) (3,004) (3,749)
Portfolio loans and leases, net 74,487 73,030
Bank premises and equipment 2,389 2,400
Operating lease equipment 479 499
Goodwill 2,417 2,417
Intangible assets 62 106
Servicing rights 822 700
Other assets (a) 8,400 7,551
Total Assets $111,007 113,380
Liabilities
Deposits:
Demand $21,413 19,411
Interest checking 18,560 19,935
Savings 20,903 17,898
Money market 5,035 4,431
Other time 7,728 12,466
Certificates - $100,000 and over 4,287 7,700
Foreign office and other 3,722 2,464
Total deposits 81,648 84,305
Federal funds purchased 279 182
Other short-term borrowings 1,574 1,415
A
ccrued taxes, interest and expenses 889 773
Other liabilities (a) 2,979 2,701
Long-term debt (a) 9,558 10,507
Total Liabilities 96,927 99,883
Equity
Common stock (f) 1,779 1,779
Preferred stock (g) 3,654 3,609
Capital surplus (h) 1,715 1,743
Retained earnings 6,719 6,326
A
ccumulated other comprehensive income 314 241
Treasury stock (130) (201)
Total Bancorp shareholders’ equity (i) 14,051 13,497
Noncontrolling interest 29 -
Total Equity 14,080 13,497
Total Liabilities and Equity $111,007 113,380
(a) At December 31, 2010, $52 of cash, $7 of other short-term investments, $29 of commercial mortgage loans, $241 of home equity loans, $648 of automobile loans, ($14) of allowance
for loan and lease losses, $7 of other assets, $12 of other liabilities and $692 of long-term debt from consolidated VIEs are included in their respective Balance Sheet captions above.
See Note 12.
(b) Amortized cost of $14,919 and $17,879 at December 31, 2010 and 2009, respectively.
(c) Fair value of $353 and $355 at December 31, 2010 and 2009, respectively.
(d) Includes $1,892 and $1,470 of residential mortgage loans held for sale measured at fair value at December 31, 2010 and 2009, respectively.
(e) Includes $46 and $26 of residential mortgage loans measured at fair value at December 31, 2010 and 2009, respectively.
(f) Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2010 – 796,272,522 (excludes 5,231,666 treasury shares) and December 31,
2009 – 795,068,164 (excludes 6,436,024 treasury shares).
(g) 317,680 shares of undesignated no par value preferred stock are authorized of which none had been issued; 5.0% cumulative Series F perpetual preferred stock with a $25,000
liquidation preference: 136,320 issued and outstanding at December 31, 2010 and December 31, 2009; 8.5% non-cumulative Series G convertible (into 2,159.8272 common shares)
perpetual preferred stock with a $25,000 liquidation preference: 46,000 authorized, 16,451 issued and outstanding at December 31, 2010 and December 31, 2009.
(h) Includes ten-year warrants initially valued at $239 to purchase up to 43,617,747 shares of common stock, no par value, related to Series F preferred stock, at an initial exercise price
of $11.72 per share.
(i) See Note 32 for additional information on capital actions taken by the Bancorp subsequent to December 31, 2010.
See Notes to Consolidated Financial Statements.